Monthly Archives: October 2012

thursday update

SHORT TERM: gap up opening faded again, DOW +26 Overnight the Asian markets gained 0.5%. European markets opened higher, but lost 0.1%. US index futures were higher overnight, and at 8:30 weekly Jobless claims were reported lower: 369K vs 388K, … Continue reading

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wednesday update

SHORT TERM: gap up opening faded, DOW -25 Overnight the Asian markets lost 0.3%. Europe opened higher and gained 0.4%. US index futures were higher overnight, and the market gapped up at the open to SPX 1418. The SPX had … Continue reading

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tuesday update

SHORT TERM: gap down opening, DOW -243 Overnight the Asian markets lost 0.4%. European markets opened higher, but lost 1.9%. US index futures were sharply lower overnight. As the FED started its two day FOMC meeting the market gapped down … Continue reading

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monday update

SHORT TERM: correction/pullback continues, DOW +2 Overnight the Asian markets gained 0.5%. European markets opened lower and lost 0.5%. US index futures were lower overnight as well. The market opened one point below friday’s SPX 1433 close. In the first … Continue reading

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weekend update

REVIEW Another wild week! After we posted last weekend that the SPX/DOW appeared to be declining in a downtrend. The market promptly rallied, from monday thru thursday, to within 1% of the bull market highs. Then, suddenly, gave all of … Continue reading

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